Inter Pipeline Announces April 2014 Cash Dividend
CALGARY, ALBERTA -- (Marketwired) -- 04/08/14 -- Inter Pipeline
Ltd. ("Inter Pipeline") (TSX: IPL) announced today the declaration of
a cash dividend of $0.1075 per share for April 2014. This dividend
will be paid on or about May 15th, 2014 to shareholders of record on
April 23rd, 2014. This dividend is designated as an "eligible
dividend" for Canadian tax purposes.
Since inception, Inter Pipeline has distributed approximately $2.5
billion in cash payments to investors. Inter Pipeline's objective is
to provide investors with sustainable monthly cash dividends, with
dividend growth upside tied to the development of Inter Pipeline's
large portfolio of organic growth projects.
Inter Pipeline Ltd.
Inter Pipeline is a major petroleum transportation, natural gas
liquids extraction, and bulk liquid storage business based in
Calgary, Alberta, Canada. Inter Pipeline owns and operates energy
infrastructure assets in western Canada and northern Europe.
Additional information about Inter Pipeline can be found at
Inter Pipeline's common shares trade on the Toronto Stock Exchange
under the symbol IPL.
Certain information contained herein may constitute forward-looking
statements that involve risks and uncertainties. Readers are
cautioned not to place undue reliance on forward-looking statements,
including, but not limited to, statements regarding the
sustainability of future dividends. Such information, although
considered reasonable by Inter Pipeline at the time of preparation,
may later prove to be incorrect and actual results may differ
materially from those anticipated in the statements made. For this
purpose, any statements that are not statements of historical fact
may be deemed to be forward-looking statements. Forward-looking
statements often contain terms such as "may", "will", "should",
"anticipate", "expects" and similar expressions. Such risks and
uncertainties include, but are not limited to, risks associated with
operations, such as loss of markets, regulatory matters,
environmental risks, industry competition, potential delays and cost
overruns of construction projects, and the ability to access
sufficient capital from internal and external sources. You can find a
discussion of those risks and uncertainties in Inter Pipeline's
securities filings at www.sedar.com. The forward-looking statements
contained in this news release are made as of the date of this
document, and, except to the extent required by applicable securities
laws and regulations, Inter Pipeline assumes no obligation to update
or revise forward-looking statements made herein or otherwise,
whether as a result of new information, future events, or otherwise.
The forward-looking statements contained in this document are
expressly qualified by this cautionary note.
All dollar values are expressed in Canadian dollars unless otherwise
Investor Relations: Inter Pipeline Ltd.
Vice President, Capital Markets
403-290-6015 or 1-866-716-7473
Media Relations: Inter Pipeline Ltd.
Director, Corporate and Investor Communications
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